Pre-Plan but don't Pre-Paid                                                                           

What is it all about?

A preneed funeral is the arrangement and payment of a funeral, by entering into a contract with a funeral service provider prior to death. Other words that are used interchangeably with preneed, include "pre-paid", "pre-plan" and pre-arrangement". Preneed funeral contracts are prevalent in the US and many developed countries. 

The Sales Pitch

Preneed plans for funeral services and goods are marketed aggressively, the main sales pitch used for selling preneed plans revolved around two things: you will save your loved ones the burden of making hard decisions during the time of grief, and your loved ones are protected against inflation by "locking-in" today's funeral price.

Pitfalls

There are many pitfalls with preneed or pre-paid funerals. You can read the following articles from:

• "When Prepaid Funeral Plans Are Wealth Killers" - The Wall Street Journal

• "Funeral Savings" Article & Video - CBS News

• "Should You Prepay Your Own Funeral Expenses?" - U.S. News & World Report

• "Prepaid Funeral Planning: Don't Do It!" - The Consumerist

• "The Pitfalls of Preneed" - Funeral Consumers Alliance

• Your Funeral Guy - Mr Brian Burkhardt, author of "Rest In Peace: Insider's Tips to the Low Cost Less Stress Funeral"

Yes to Pre-Plan

It is ok to pre-plan but don't pre-paid. You can pre-plan by discussing with family members, and making your wishes known to them, e.g. cremation or burial, and the preferred type of religious rites etc.

No to Pre-Paid

Instead of paying someone else for goods and services that will only be delivered many years later, you can set aside the required funds in an account where you are able to exercise complete control.  

CASKET FAIRPRICE
新加坡平价殡仪服务

Blk 37 Sin Ming Drive, #01-569/ 571, Singapore 575711
Tel: 64559909     Fax: 64519909